SpaceDev Releases Earnings Report

Earnings Report:

For the fiscal year ended December 31, 2006, SpaceDev's revenue was approximately $32.6 million, an increase of 250%, compared to approximately $9.0 million for 2005. The increase in revenue was due primarily to the acquisition of Starsys in January 2006; Starsys generated revenues from February 1, 2006 through December 31, 2006 of approximately $21.4 million, excluding approximately $300,000 of inter-company sales.

SpaceDevs posted a lost of $0.05 a share, down from a gain of $0.01 a share last year. However, revenue growth is continuing to rise with the acquisition of the Starsys Research Corporation.